Business

Food manufacturer Del Monte Pacific Limited (Del Mon­te) will conduct a primary offer of up to 15 million preferred shares and up to 10 million in oversubscription option scheduled for listing at the local bourse in April.

International Container Terminal Services Inc.’s (ICTSI) implementation and multi-stakeholder engagement of the 1-Stop Terminal Appointment Booking System (TABS) at the Manila International Container Terminal (MICT) was adjudged the best public relations (PR) program by the Public Relations Society of the Philippines (PRSP).

Listed conglomerate DMCI Holdings Inc. reported a flat core net income for last year of P12.1 billion from P12.3 billion a year ago.

The next central bank head should have a good understanding of the Bangko Sentral ng Pilipinas (BSP) governor’s job, patience and a knowledge of how to work with the BSP which are the top three characters the next BSP chief must have, BSP Governor Amando Tetangco Jr. said.

By Riza Lozada Despite the still weak global economy, cash remittances from overseas Filipino work­ers (OFWs) grew by 8.6 per­cent from last year to $2.17 billion in January 2017, high­er than the Bangko Sentral ng Pilipinas (BSP) target of a four percent growth.

The International Monetary Fund (IMF) said in a report the global economy is showing more positive momentum, but warned that in­ward-looking policies and sharp tightening in global financial condi­tions could threaten the growth momentum.

With the booming economy, social enterprise The Global Filipino Investors Inc. (TGFI) encourages more Filipinos to save and invest their money properly.

By Riza Lozada The Philippine Stock Exchange, Inc. (PSE) signed an agreement with the Bankers Association of the Philippines (BAP) to resume discussions on the proposed purchase of BAP’s 28.9 percent stake in the Philippine Dealings System Holdings Corp. (PDS). The PSE has a 20.98 percent own­ership in PDS.

Global port operator International Container Terminal Ser­vices Inc. (ICTSI) plans to order the most modern equipment that will have the largest vessel handling capability in the coun­try and at par with those used in major developed markets around the world.

Construction equipment retailer Wilcon Depot Inc., which will soon be listed at the stock exchange, expressed plans to ex­pand its market reach through online presence and setting up pop-up stores.